The Last Abundance Agenda - The American Prospect

[roscoeroscoe]

1. Abundance only works

... If wages and opportunity for working class are growing. Naturally, being Republicans, they tax cuts they did in the Bush administration weren't aimed at helping the working class. So, homes were offered that were unjustified, houses were selling, building was booming... and it crashed.

I know, my wife bought a home with a no proof of income loan and would have lost it if we hadn't gotten together. The stories of people buying homes they couldn't afford were so awful.

I was surveying out in Lancaster/Palmdale in Southern California at the time. Builders just abandoned projects and walked away. Sad dusty subdivisions of framed up foundations.